Member Info for Monkshood

Plus the final rebalance dates for the FTSE trackers

Tomorrow should be fun, it is the last day of the rebalance which usually has high volumes.
Personally I think that the shorters have been buying up and 'stashing ' them so as not to reveal there position to investors and other shorters. We will soon find out if the amount they needed to purchase exceeds the tracker sells. With no tracker next week sells this should start to fly. I do wonder if they will try and knock it back early next week if it roars off , but with no guaranteed sells for them to buy back into it would be very risky.

Ok, thanks , it will be interesting o see how it plays out over the next week.

Does that mean that they could have 2.9% 'pre-purchased' though?

Thanks, but that does not really answer the question. Could they hold shares in one account but have a short open in another, then just transfer the shares over when it suits them.

Does anyone know to what extent those shorting, purchase shares but do not actually close the shorts straight away? I know that if I was shorting (not that I do) I would not want everyone to know I was closing. We have seen the change in sentiment here when some were closed and the converse when they have been opened. Could a lot of the shares (to cover their short positions ) been purchased over the past week, such that when they want to 'close' they can without having to purchase?

Fair point. Happy with the rise though hopefully it will climb back over 100 again.

I think that it dropped away when it was clear it was not going into the 250 at the last rebalance. The monies positioned from the current rebalance are now, I think, shifting to the next in three months, where, I assume it is hoped, that RSG will this time, enter. I have seen a spike in another borderline stock today although that is also on the reserve list as well for the current quater.

cj62, ENA took out 50% of their shorts under 300, they have not closed all of these even, so it is hard to see that they will make much on these even after fees etc. Their other 50% was at a much higher level, if they close these as well they could be in pocket but it will depend on at what price than can close. Odey has closed those that he took at a low price the other were much higher so he should do Ok.
I am interested to see if they close them all over the next few weeks (they will be able to buy into investors trading on the rise) or leave some open. They still need a huge number to close all of their positions.

That seems a reasonable call. Trackers need to be rebalanced by the end of the week so the shorters will want to close as much as they plan to by then. I was surprised by the last ENA increase (but now they are reducing) , I think that they are having to work very hard to exit without the price getting too high. The pressure will increase even more with all the all of talk of takeovers and buyouts.
From when it first looked they were going to try and push it out of the 250 at the end of July I have had the 25th penciled in at the takeoff date. I have wondered a few times if it may go before this but every time they have manged to cap the rise, it will be interesting to see it does manage to breakout before Friday.

possibly something to do with the 1.5M that has just gone through?

I believe that she purchased the shares in an attempt to encourage buying to keep in in the 250. It worked initially giving the price some upwards momentum, however the shorters increased their positions and quickly knocked the rise back to ensure it was removed at the rebalance.

I am quite happy (after the past month) for it to just keep heading upwards nice and steady. A week ago it was bouncing of 250 then 260 most recently 270 and now 280? I don't do technical but I am spotting a trend....

It will be interesting to see if the shorters have been buying into these big sells, we should know in the next day or so.

MW's was before the rebalance date, they had to ensure that it exited the 250 or it would really rocket with no tracker sells. I think that Brexit is an overlay but not the main driver of this share price. It has often moved contrary to otter banking shares on Brexit news. The shorters had a clear policy of knocking it down in stages after the results, any rise or gain in momentum was knocked back quite strongly by shorting attacks (remember the 1m sells at close one day when it had started to move up quickly?). Once it looks like it may go out of the 250 then others take positions on this expectation which helped the shorters.
I was surprised that there was an increase on the 5th - was this to stop it zooming up before they close or was it just late reporting ? It should be clearer next week as with the upward momentum they will either need to short it further or start to close. So far I do not think look like tracker sells will provided enough volume to absorb the 14m of share required for them to close

If it get near to 400 then there will be positions taken for its reentry into the 250 which will provide further upward impetus . We still have a couple of weeks before it actually exits the 250 though which will assumedly mean that there are some tracker sells still to come.

That takes out his short of the 19th at around 280ish, the others were in July when the price was quite a bit higher. It will put pressure on the other shorters now as they have lots below 300.

I see you are in this as well BigB. It was not on the 250 indicative list so probably not going in this time unless something has changed since Friday. I only hold this indirectly( through UTL ) but would probably buy in otherwise.

Brexit uncertainty + tracker selling < = > number of shorts to be closed + PI + II belief that this is extremely undervalued ?

Outside of Brexit uncertainty, there does not seem to be a clear end point for them to maintain the shorts now that exit from the 250 has been achieved. It seems unlikely that they will want to keep them going on the chance that the next quarterly results may disappoint, especially as there is no evidence that this is likely to be the case. Brexit could now go either way so this seems a risky bet especially as the upward pressure on the price is growing. Hopefully we will see them close soon and the shares going back to a level to represent the true value of the company.

In all fairness he was on here only a couple of days ago with his first ever post warning us that metro could go bust. Interesting that Malu was also calling the top today, almost like he wanted people to sell....